Microsoft Corporation laid off over 300 additional employees on Monday, just weeks after cutting around 6,000 roles. The new round of cuts was confirmed by a company spokesperson and disclosed in a Washington state notice, according to Bloomberg. A Microsoft spokesperson said the company is making organizational changes to stay competitive in a rapidly evolving market. These layoffs follow the roughly 6,000 cuts Microsoft announced last month. The layoffs coincide with Microsoft and other tech giants ramping up AI investments while reducing roles unrelated to artificial intelligence. CEO Satya Nadella previously noted that AI now assists in writing up to 30% of the company’s code base. Microsoft remains the world’s most valuable company with a $3.43 trillion market cap. Shares rose 0.35% during Monday’s session and fell 0.26% after hours.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Microsoft Corporation laid off over 300 additional employees on Monday,
00:06just weeks after cutting around 6,000 rolls.
00:08The new round of cuts were confirmed by a company spokesperson
00:11and disclosed in a Washington State notice, according to Bloomberg.
00:14Microsoft spokesperson said the company is making organizational changes
00:17to stay competitive in a rapidly evolving market.
00:20These layoffs followed the roughly 6,000 cuts Microsoft announced last month.
00:24Layoffs coincide with Microsoft and other tech giants
00:26ramping up AI investments while reducing roles unrelated to artificial intelligence.
00:31CEO Satya Nadella previously noted that AI now assists in writing up to 30% of the company's code base.
00:37Microsoft remains the world's most valuable company with a $3.43 trillion market cap.
00:43Shares rose 0.35% during Monday's session and fell 0.26% after hours.
00:48For all things money, visit Benzinga.com slash GSTV.